RE: New legislation -Novisky’s sanctions9 Jan 2023 11:25
From the latest audit results ,page13, Additionally, the Group aims to maintain the significant (Principal Risks and How We Manage ) the majority of its cash resources outside Ukraine (being 77% as at 24 June 2022). So there isn’t any problem to give to the shareholders 57,7$Mil immediately without any permission from Ukraine. That means if I have calculated correctly 14,75p/share !
New legislation -Novisky’s sanctions5 Jan 2023 12:04
Critical point is the intention to giving a dividend asap. If yes that means Novisky has lost If no that means Novisky has transferred his shares to someone Conclusion:Enwell very soon wil be at someone’s else business. I am not afraid about the continual progress in AIM of Enwell and hope for better results in the coming months.
If they pay a dividend of let’s say 25,000,000$ they get 20,500,000$ and the rest 4,500,000$ go to shareholders < 5,000,000$ donations. It’s real crazy!!!
Kroc Instead to give dividends to their shareholders the oligarchs are giving receivables to anyone without control because the company despite is considered a public company the reality is that company is almost a private. So they have sufficient money to make donors and to offer receivables because all these help only their own business.while if they pay dividends they will loose their money.
I have a feeling that Novisky it could to decide a divi due to his confrontation with the current economic situation in Ukraine and the pause of new investments in the short future. We will see very soon!
IMO the shut down of the fields will have a duration at least a few months even more than a year.If the fields are target of russian bombs i don't know how many mil of dollars it cost to reoperate. The people who are working in this field now are in the army. There is a war there if you don't understand what it means this issue. We see a country destroying an other country its people, infrastracture etc, The damage after the war will be tens of billion for Ukraine and you wait earnings from a company in a war zone? I think the decision of AIM for the Monday's trading should be an unconditional stop in favor of protection of remaining shareholders from guys who playing "war games" with this unfortunate share. PS : I want to believe that shorters took their lesson yesterday.
IMO the rise and the fall one day before they have nothing with the value of the share. There were a playing game action from a very few sellers short (see the small traded volume) and a company’s - yes I believe that the orders came from Enwell-reaction yesterday with buy market orders in order to “equalise” the initial value. I think the company has showed that not let price go down below a margin until the AIM takes the decision to suspend the trading.
It is needed now an update about the situation in the working fields of Enwell. It is very sad to see such a devaluation with an absolutely very small volume traded shares.
What crazy situation is there?Ukrnafta vs Arkona and Ukrnafta vs Enwell. But until now how many millions were spent by Enwell for drilling of the current well and for 3D seismic survey? Who pays after that for all these expenses if the licence pass to Ukrnafta?
RE: Who is next to be taken private?21 Dec 2021 12:30
Two thinks can make me to get out of this share, the delisting ( in my opinion not the case) and selling above the price which is > 60 p. Until happens I will remain holding. About the water ingress I am optimistic because there are a class A companies who are specialists in this work . Of course it depends of the money giving a company to remedy this think because there are also cheaper companies but with unknown results.
I think the shares in public hands protect the Pope fund and not the inverse. Because Pope having bought in very high price level- if I am correct >2 gbp - and due to their very small assets it was the only one that has not participated in the regal’s effort -primary- to delist following us in the denial.